The World Trade Organization (WTO) has significantly revised down its estimates for the evolution of global trade in 2026, but has raised its estimates for this year.

According to the new forecasts of WTO economists, the volume of global merchandise trade is expected to grow by only 0.5% next year, compared to an increase of 1.8% estimated in August. In contrast, the WTO has improved its estimates for global trade growth this year to 2.4%, up from 0.9% previously, thanks to the acceleration of imports in the US, ahead of the implementation of the tariff increase.